Defense technology company TransDigm Group Incorporated (NYSE: TDG) reported an increase in earnings and sales for the third quarter of 2023.
- Third-quarter net sales came in at $1.74 billion, up 25% from $1.39 billion reported in the prior-year quarter
- Earnings per share from continuing operations increased 50% from last year to $6.14 in Q3
- Net income from continuing operations climbed 47% year-over-year to $352 million
- Adjusted earnings per share was $7.25 in the latest quarter, up 49% from $4.85 recorded in the third quarter of 2022
- Q3 EBITDA totaled $915 million, up 31% from $696 million in the prior year’s quarter
- The company also reaffirmed fiscal-2023 financial guidance to reflect its continued strong performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Key highlights from McCormick & Company’s (MKC) Q3 2023 earnings results
McCormick & Company, Incorporated (NYSE: MKC) reported third quarter 2023 earnings results today. Net sales increased 6% year-over-year to $1.68 billion, but narrowly missed estimates of $1.70 billion. Net income
Carnival Corporation (CCL): A couple of factors that work in favour of this cruise ship operator
Shares of Carnival Corporation & plc (NYSE: CCL) were down on Monday. The stock has gained 69% year-to-date. The company delivered strong results for the third quarter of 2023 and although
Earnings Preview: PepsiCo (PEP) likely to deliver another strong quarter
Over the years, brand loyalty and diversification of the portfolio have played a key role in the continued success of PepsiCo, Inc. (NASDAQ: PEP) The soft drink giant is now
